| Videos | Channels | Search |
Where does Samsung go from here?: Moltke-Leth
Samsung could lose $17 billion in revenue after its Galaxy Note 7 phone axing. Christoffer Moltke-Leth, Saxo Capital Markets’ director of global sales trading, predicts more downside to come for the firm.
The South Korean electronics company’s stock has dropped 12% during the past three trading sessions after the Galaxy 7 Note was recalled after reports of overheating.
Had things gone to plan, the Samsung handset should have rivalled Apple’s iPhone 7 and Google’s forthcoming Pixel phones, says Moltke-Leth.
South Korea’s finance minister Yoo Il-ho said the scrapping of the model would have a negative impact on exports and Moltke-Leth said he foresees further downside this year for Samsung.
02:11 minutes
Tags: apple iphone, christoffer moltke-leth, google pixel, mobile phone, samsung electronics, saxo, saxo bank, saxo bank saxo tv, saxo tv, saxo tv saxo bank, saxo tv trading floor, saxo tv tradingfloor.com, saxotrader, saxotradergo, saxotv, south korea, tradingfloor.com